Bloomfield Educational Foundation Incorporated

Analysis

Bloomfield Educational Foundation Incorporated is a registered charity in United States, based in Bloomfield, NJ. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Bloomfield Educational Foundation Incorporated reported income of $160k and spending of $116k, leaving 27% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $125k to $160k (+28%), an average of +8.6% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bloomfield Educational Foundation Incorporated sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 56th percentile within NJ. Charities of a similar size with the same main cause include Project Lifelong ($160k), Keepers of the Flame Foundation ($160k) and Tascosa Band & Orchestra Parents ($160k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $770k against liabilities of $17k, net assets of $753k.